Loading...
See More

Earnings rise for Kagiso Media

Feb 21 2011 17:52 I-Net Bridge

Related Articles

BEE merger draws praise

Vunani takeover of Kagiso gets the nod

Digital move pays off for Kagiso

Kagiso, Tiso to form new BEE giant

Kagiso board stays the same

Kagiso: no to Adcock's Cipla bid

 
Johannesburg - Kagiso Media [JSE:KGM] reported on Monday that its diluted headline earnings per share (HEPS) rose 31% to 98.6 cents for the interim period to December 2010 from 75.5c.

Revenue grew 12.4% to R515.3m from R458.4m despite increasing price competition and additional low-yielding advertising inventory released into the market by the TV sector.

For the period under review, earnings per share were higher than the comparable period at 98.8 cents (2009: 72.4c), with headline earnings per share rising 98.8 cents (2009: 75.7c).

Kagiso Media said the earnings per share (EPS) was higher than the comparative period, mainly due to the group's reorganisation, which happened in July 2010.

"The reorganisation was undertaken to centralise services, reduce the group's cost structure and result in a reduced group tax charge," it said.

Kagiso Media declared an interim dividend of 50 cents (2010: 35c).

The operating margin improved as a direct result of revenue growth and focus on cost management.

Operating profit increased from R155.6m to R179.9m.

kagiso media  |  kagiso

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

Exciting new luxury SUV arrives in SA!
WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...